Emphasis on measures to stimulate growth & investment, boosting domestic consumption with a focus on building R&D-Tech-Innovation led next-generation economy
Ahmedabad (Gujarat) [India], January 29: Narendra Modi-led NDA government is required to stimulate growth and boost investment with confidence from both public and private sectors in the Union Budget 2022. Special emphasis should be on job creation, lifting consumption & sentiments, and building infrastructure in priority sectors – Education, Health, Rural & MSME. With no social security mechanism for people at the large, inadequate public infrastructure, the middle-class taxpayers were affected the worst. Gujarat-based industrialists and corporates have high hopes from the government and expect the Union budget will be inclusive and growth-oriented.
Mr. Mahendra Patel, Managing Director, Lincoln Pharmaceuticals Ltd, said, “We need to create an effective commercial ecosystem to encourage innovation and research in the country, which is ignored to an extent. Covid taught very important lessons of self-reliance and innovation in the pharma sector, especially in the APIs to reduce dependence on China. The Healthcare sector will look for higher allocation towards production Linked Incentive schemes to encourage capacity expansion of sensitive APIs, complex excipients, drug intermediates, etc. Interest subsidies and restoration of weighted tax deduction u/s 35(2AB) to encourage innovation and R&D are some of the key measures required for the sector.
Funds allocated for healthcare as a percentage of GDP at 1.5% continue to be lower compared to most developing nations. Keeping in mind the current pandemic situation, it is need of the hour for the government to increase the allocation towards health infrastructure across the entire infrastructure chain, specifically in tier 2 and tier 3 cities and immunization. Higher allocation to the sector is also necessary to enable the government to achieve its target to spend 2.5% of GDP on healthcare by 2025.”
“The logistics industry is hoping that Finance Minister Mrs. Nirmala Sitharaman’s much-anticipated budget would contain some bold measures to increase logistics competitiveness and overall infrastructure development. On the technological front, the central government should pave the way for investments towards digitization of supply chain management”, said Mr. Ajay Mokariya, Managing Director, Shree Maruti Courier Services Pvt Ltd.
“The budget should focus on technology, R&D, especially in the field of the Location Intelligence Industry. We expect the budget to focus on investing in infrastructure that will help the logistic companies to reduce the total logistics cost as well as time taken for delivery of goods for the end customer. The industry is expecting policy support and tax relaxations to reduce logistics costs to boost export competitiveness. The budget should also propose noteworthy incentives for adopting green logistics to reduce environmental impact. On the policy front, the Narendra Modi-led government should make a strong move on the National Logistics Policy (NLP) in the year 2022 budget. The upcoming budget is expected to contain measures to push reforms and increase supply chain efficiency. It should also announce capital subsidies for building world-class warehouses in tier-2 & 3 towns to support the development of efficient distribution centers. This will help India to turn into a manufacturing hub of the world”, opined Mr. Mokariya.
Mr. Prafulla Gattani, MD & CEO Instatrade Business Venture Group, said, “Government must bring more disposable money into the system to drive consumption. For this, the individual IT exemption limit must be raised to 10 Lakh as this is the bare minimum today, considering the present rate of inflation of the past 5 years. To give a boost to the Digital Economy and Artificial Intelligence, spending on education must be increased, and exemption on educational expenses must be raised to Rs 1 lakh per annum as any good institute is not charging fees less than this for a child. Also, there should be a focus on policy for alternative energy sources, and a long-term policy should be made to promote and reduce dependency on crude.
A large package is required for MSME, and the definition of MSME must be raised to 100 crore investment. Spend on infrastructure must continue for a better and stronger India, and all construction material must be brought into the GST limit of 12% instead of 18%.”
35 thoughts on “Gujarat based corporates have high hopes from Union Budget 2022”
5010 283385I believe this web website has got quite superb indited articles content material . 413404
258171 504762Excellent post man, maintain the nice work, just shared this with my friendz 829252
900933 126576You need to participate in a contest for probably the greatest blogs on the web. I will recommend this internet website! 803423
666448 808025 There are some interesting points in time in this post but I dont know if I see all of them center to heart. There is some validity but I will take hold opinion until I appear into it further. Excellent article , thanks and we want far more! Added to FeedBurner as well 280618
774236 938614I agree with you. I wish I had your blogging style. 659292
I’ve read some just right stuff here. Certainly worth bookmarking for revisiting. I wonder how so much effort you place to create this sort of wonderful informative website.
I’m not that much of a internet reader to be honest but your sites really nice, keep it up! I’ll go ahead and bookmark your website to come back later on. All the best
961573 495397In case you are viewing come up with alter in most with the living, starting point normally L . a . Weight reduction cutting down on calories platform are a wide stair as part of your attaining that most agenda. weight loss 945802
29760 330951Some genuinely nice and utilitarian info on this internet internet site , likewise I believe the style and style contains superb attributes. 979067
709751 677133Some truly nice and helpful info on this site, likewise I conceive the style holds superb features. 719759
29053 259029Every e-mail you send ought to have your signature with the link to your web site or weblog. That generally brings in some visitors. 239187
312338 351743Some actually good stuff on this internet internet site , I enjoy it. 337605
Rattling nice design and wonderful articles, nothing else we need : D.
519090 287469actually great post, i definitely adore this internet site, keep on it 243023
816672 917602I actually enjoy examining on this internet internet site , it has got fantastic posts . 785694
I’m not that much of a internet reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your website to come back down the road. All the best
I like this site very much, Its a very nice situation to read and receive info .
I’d have to check with you here. Which is not something I often do! I get pleasure from studying a put up that may make individuals think. Also, thanks for permitting me to remark!
Thanks for all your efforts that you have put in this. very interesting information.
Hello my family member! I wish to say that this article is awesome, nice written and come with almost all important infos. I would like to peer extra posts like this.
Howdy very cool website!! Guy .. Excellent .. Wonderful .. I will bookmark your web site and take the feeds also…I am happy to seek out numerous helpful information right here within the publish, we need develop extra strategies in this regard, thanks for sharing. . . . . .
I’ve recently started a website, the information you provide on this website has helped me greatly. Thanks for all of your time & work.
Appreciate it for this wondrous post, I am glad I observed this site on yahoo.
Just wanna input that you have a very decent web site, I love the pattern it really stands out.
I am also writing to make you be aware of what a fantastic encounter my princess gained visiting your web site. She learned a lot of things, most notably what it’s like to have an excellent giving heart to make certain people quite simply know precisely a variety of hard to do subject areas. You truly exceeded visitors’ expected results. I appreciate you for presenting these useful, safe, educational and easy thoughts on this topic to Kate.
368293 723293I take great pleasure in reading articles with quality content material. This post is one such writing that I can appreciate. Maintain up the great function. 250177
790430 609979You ought to get involved in a contest personally with the finest blogs on-line. I will recommend this page! 15954
751655 821718The website loading pace is incredible. 912353
You should participate in a contest for one of the best blogs on the web. I’ll advocate this site!
Keep up the good piece of work, I read few posts on this internet site and I conceive that your weblog is rattling interesting and holds bands of good information.
I like this post, enjoyed this one thank you for putting up. “The universe is not hostile, nor yet is it unfriendly. It is simply indifferent.” by John Andrew Holmes.
ラブドール 貧 乳 ダッチワイフの胸-強い胸、空の胸、ジェルで満たされた胸
Simply wish to say your article is as astonishing. The clarity in your post is simply great and i could assume you are an expert on this subject. Well with your permission let me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please keep up the enjoyable work.
Very interesting information!Perfect just what I was looking for!
Woh I enjoy your posts, saved to favorites! .